Kelly Services (KELYA) is Downgraded by Northcoast to Neutral

Kelly Services (KELYA) was Downgraded by Northcoast to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Northcoast advised their investors in a research report released on Apr 21, 2016.

On the company’s financial health, Kelly Services reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.39 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.49. The company had revenue of $1461.60 million for the quarter, compared to analysts expectations of $1443.51 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Kelly Services closed down -0.09 points or -0.46% at $19.44 with 84,856 shares getting traded on Monday. Post opening the session at $19.46, the shares hit an intraday low of $19.41 and an intraday high of $19.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 13, 2015, George S Corona (Executive VP & COO) sold 13,973 shares at $16.75 per share price.

Kelly Services Inc. (Kelly) is a global workforce solutions provider. The Company operates as a staffing provider which offers an array of specialty services. The Company places professional and technical employees at various levels in engineering information technology (IT) science law and healthcare. It provides workforce solutions in three regions: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific (APAC). The Company operates in seven business segments: Americas Commercial Americas Professional and Technical (Americas PT) EMEA Commercial EMEA Professional and Technical (EMEA PT) APAC Commercial APAC Professional and Technical (APAC PT) and Outsourcing and Consulting Group (OCG). It also offers services in office education contact center light industrial and electronic assembly staffing. Kelly offers a range of outsourcing and consulting services as well as staffing on a temporary temporary-to-hire and direct placement basis.

Kelly Services

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